Frankfurt’s Way

Below is the email from the Labour parliamentary party to it’s councillors on the IBRC legislation rushed through without reading last night.

“Farewell to Anglo!
Last night’s legislation brings an end to Anglo Irish Bank and the Irish Nationwide Building Society. These two institutions, names that will live on in ignominy, are forever associated with the recklessness and greed of a tiny clique that brought this country to the edge of financial ruin. These banks, the people who ran them and the golden circle around them were at the very roots of the crisis that has caused so much distress to the Irish people.

In liquidating this institution, we are doing what should have been done on the night of the blanket bank guarantee.

This is another step forward towards the day when we can finally face forward as a people, when the past can finally recede into the distance and when Ireland and the Irish people can see the future that they truly deserve”